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Political Troubles in Italy and US Pull Stocks Down

Political Troubles in Italy and US Pull Stocks Down

Stock Markets reacted to the political uncertainty in United States and Italy. Stocks across major world markets closed lower and Dow Jones was down by 0.7 percent.

Major Cost-Cutting Drive at Siemens AG

Major Cost-Cutting Drive at Siemens AG

Siemens AG has announced that the largest engineering company in Europe will cut 15,000 jobs under cost-cutting program. Siemens will cut 5000 jobs in Germany and over 10,000 all over the world.

Security Firm FireEye Stock Surges on IPO Debut

Security Firm FireEye Stock Surges on IPO Debut

Security company FireEye stock has listed on stock exchange with massive gain. The stock of cyber security software company witnessed high demand from investors in secondary market and touched high of $44.89. At 12.22 PM EDT, 11.09 million shares changed hands and stock was trading at $40.

Housing Starts in US rise by 0.9 percent

Housing Starts in US rise by 0.9 percent

Housing starts were higher by 0.9 percent in August in US, as per seasonally-adjusted data. The housing data was lower than expected by market experts as multi-family home starts were lower. The single-family housing market is still recovering, which is a good sign for economy.

Microsoft Announces Higher Dividend; $40 billion Stock buyback

Microsoft Announces Higher Dividend; $40 billion Stock buyback

Software major Microsoft has announced $40 billion stock buyback and increased the dividend by 22 percent. Stock market analysts have termed the move as correct action for the software major.

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